Category: Crypto

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Crypto News Tech

Update WinRar Not To Lose Cryptocurrency, As A Vulnerability Allows Hackers To Steal Your Digital Coins

Even though almost nobody runs archives or .exe files from unknown sources, there are some of you who might do that. In that case, you are doing nothing besides installing malware. At least, that’s the typical downside of downloading and running or extracting weird programs. Now, WinRar has a security flaw which allows hackers to intrude and steal your cryptocurrency.

Therefore, you should update WinRar as soon as possible to address that vulnerability that might steal your digital coins. Reportedly, the security flaw already made victims, so you should immediately upgrade your WinRar installment to the newest version. I know, WinRar is kinda old-school app especially since other programs such as 7Zip, for instance, took over and became more popular.

However, it might surprise you, but there are millions of users worldwide, who are still using WinRar. Those of you who do that are exposed to a vulnerability that would eventually steal your digital coins if you’re cryptocurrency enthusiasts who keep their wallets on the hard disk.

Update WinRar not to lose cryptocurrency – An WinRar vulnerability allows hackers to steal your digital coins

“Here is how it works. You open the wrong .rar file with an unpatched version of WinRar, and a payload is dropped into your windows startup folder. Which means on reboot you will load up a .exe. And nobody ever updates their WinRar. And .rar files are used intensively on usenet and also in torrents. So there are probably at least 100 million computers with an unpatched version of WinRar on it. So this is going to steal a shitload of coins. I can guarantee it,” said Kain_niaK on Reddit, the Redditor who observed the vulnerability.

“The .dll file that contains the actual bug is unacev2.dll because the bug is in ACE, not in WinRar. Winrar has just dropped support for ACE in 5.7 and removed the .dll file from their install. All software with ACE support is vulnerable which is not just WinRar but also software like Total Commander among others,” the same Redditor added.

In short, a vulnerability in the current WinRar version permits hackers to steal your digital coins. Accordingly, update WinRar not to lose cryptocurrency.

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Crypto News Tech

Facebook Cryptocurrency Might Launch By Mid-Summer 2019

With billions of active users each month Facebook is shaping up to be a powerhouse that is here to stay. The empire continues to grow, and according to specific sources, the company is looking forward to launching new services which could make its products even more popular. According to some sources Facebook is currently working on a “Facebook cryptocurrency” which should be released by the end of the first semester of the year.

The information has been offered by Facebook employees who asked to remain anonymous to avoid any potential issues that should appear due to the breach of a non-disclosure agreement.

During the first stage of the project, WhatsApp users will be able to send that Facebook cryptocurrency to any contact. WhatsApp has over 1.5 billion active users each month, so the number of potential users for the upcoming crypto is quite large. Other sources claim that Facebook is confident enough to offer its coin to cryptocurrency exchanges which will then sell it to third-party users. Telegram, another popular messaging app, will also release a digital currency shortly, which will likely serve as a direct competitor to the potential Facebook cryptocurrency.

The Facebook cryptocurrency might make the social network more appealing for crypto enthusiasts

The market opportunities are sizeable since Facebook has the reputation and the resources needed to promote its new cryptocurrency at an international level. If the initiative is successful, the usage of cryptocurrencies across the world could grow exponentially since many users may opt to use WhatsApp to quickly send some cash without the need to use traditional services like wire transfers or Western Union.

The company led by Mark Zuckerberg has declined to answer any questions regarding the alleged Facebook cryptocurrency. It is thought that the popular decentralized protocol could be used to make the service more attractive to people who already use digital currencies in a period when Facebook is losing members.

Some already fear that the cryptocurrency could be used for nefarious purposes by third-party entities. The private nature of cryptocurrencies makes them very popular among scammers and criminals, and it is likely that the new platform could be seen as a new gold mine by some.

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Crypto News

IDAX exchange introduces IDAX token

IDAX abbreviated as International Digital Asset Exchange, originated from Global Blockchain Research Centre. Therefore IDAX is designed for blockchain exchange research as the worldwide digital resource service platform for GBC. The IDAX exchange supports 95 digital currencies and 153 trading pairs.

The IDAX platform has numerous capacities like multi-crypto currency, multi-language options with top security engineering that guarantees for safe transactions of digital resources.

The exchange does not charge any fees for depositing but with withdrawal in bitcoin, the withdrawal fee is 0.0001BTC. Compared to the global industry average, this fee is much lower.

IDAX is striving to be the highest quality digital resource exchange platform of the blockchain ecosystem.

The IDAX token

The IDAX platform via the https://www.idax.pro/ introduced the IDAX token with the argument that a platform without its own token is like a family without a photo album.

The IT (abbreviation for IDAX Token) advent will make the members of the IDAX platform feel even more companionship in the family. The advent of IT makes IDAX even more performing in the community value, ecological value and the application value. The IT advent emergence has solved many problems in the IDAX platform even the primary ones. However, the industry needs more performing professional teams to help support in the quick transactions. There is also need for the platform to improve on the efficiency and faults in the system in order to provide security to the user’s capital.

As many would ask, “what is this IT?” IT is a certificate token that was issued by the IDAX to ensure effective and interactive circulation of the platforms value. It is therefore used to ensure active collaboration of users within the platform and as the platform’s ecological transfer value certificate.

Rumor has it that the total amount of IT will be 200, 000, 000 and that this number will most probably not be increased.

Conclusion

With the combination of Product Ecology as a platform token and the IDAX Token, the IDAX Token is looking forward to access and expand their product ecosphere that is steadily increasing. The IDAX wants to view its IT holders as the common interests in the platform besides just transactions just as the platform’s mission indicates.

Since IDAX does not accept the use of USD or Euros, then it can be used in the bitcoin casinos.

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Crypto News Tech

Cryptocurrency-Stealing Malware Spotted On Google Play Store

IT security specialists from ESET discovered a new type of cryptocurrency-stealing malware, a so-called “Clipper,” in some Google Play Store applications. ESET reported their worrying findings to Google which was quick to remove the infected apps.

It seems that the new type of malware employed a very straightforward method to steal cryptocurrency from wallet users. To transfer crypto to another account, users need to enter the recipient’s address in their wallet application. But, these crypto addresses are long and challenging to enter manually, so many users copy-paste them.

The cryptocurrency-stealing malware steps in and replaces the copied address with the one operated by its developers. It does that by surveying the system’s clipboard, and the replacement takes place automatically when the malware detects something looking like a crypto wallet address. Besides, this malware also stole the user’s credentials and private keys off the system’s clipboard.

Cryptocurrency-Stealing Malware Spotted On Google Play Store, Removed By Google

The so-called “Clipper” cryptocurrency-stealing malware has been affecting Windows users since 2017. However, its Android variant came out in mid-2018, but it was only affecting Android apps outside of Google Play Store. Now, ESET spotted the cryptocurrency-stealing malware known as “Clipper” in several apps on Google Play Store.

One of the apps ESET revealed as infected with “Clipper” is the MetaMask App. The thing is the original and legitimate MetaMask, an Ethereum-based DApp, is not having an Android app. So, the MetaMask application on the Google Play Store is a third-party application designed by cyber criminals to steal cryptocurrency funds. “We would appreciate if Google Play Devs would reserve trademarked names for apps, especially repeat phishing targets like us,” the original MetaMask DApp’s devs said on Twitter.

Undoubtedly, keeping the security of Google Play Store apps is a challenging task for Google since dozens of new apps are coming out daily. In our case, luckily, thanks to ESET, Google removed MetaMask and other apps affected by the “Clipper” cryptocurrency-stealing malware.

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Crypto News Tech

Trade Cryptocurrency Like A ‘Pro’ With Gemini 1.0.11 Android App

Cryptocurrency is still a very popular market despite its collapse that impacted it throughout the past months. However, you can trade cryptocurrency like a ‘pro’ with Gemini 1.0.11 Android app, and you can win money even when your favorite crypto coins are down-trending.

Gemini app is the application for Android designed by the devs behind the renowned Gemini crypto exchange, owned by the Winklevoss brothers. With Gemini, you can analyze the trending of cryptos, buy cryptocurrency, and even sell crypto coins to score a profit.

With a very straightforward sign-up process, Gemini app allows you to access graphs of your favorite cryptocurrency and buy and sell cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC), and more while keeping track of their market prices in real-time.

Besides, you can set price alerts so that you’ll always be aware when the most profitable opportunity strikes.

Trade Cryptocurrency Like A ‘Pro’ With Gemini 1.0.11 Android App

If you know nothing about Gemini and questioning its reliability, you should know that “Gemini is a licensed cryptocurrency exchange and custodian that allows customers to buy, sell, and store cryptocurrency. Gemini is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York Department of Financial Services and the New York Banking Law,” the official Gemini site reads.

Now, the Gemini 1.0.11 Android app rolled out with some bug fixes and stability and performance improvements. Also, the Gemini Android app is now more secure than ever, so you don’t have to worry about that.

“We’ve squashed some bugs and improved the performance of our graphs, as we continue working to provide you with the best Gemini experience you can hold in the palm of your hand,” the devs behind Gemini 1.0.11 Android app reported in the release notes of the new version of the application.

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